On July 17, Presidential Decree No. 152/24 of July 17 was published and came into force, approving an increase in the National Minimum Wage.
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On July 17, Presidential Decree No. 152/24 of July 17 was published and came into force, approving an increase in the National Minimum Wage.
The Angolan parliament (National Parliament) has enacted the Law to Combat Illegal Mining Activity (Law 8/24, of 3 July 2024). The new law criminalizes conduct that stems from the illicit exploitation of mineral resources.
In order to adapt to the current state of the insurance market, the Insurance Mediation and Brokerage Law has been published. More than two decades have passed since the approval of the first law regulating these matters. As a result, it has been necessary to redefine the..
By way of Order 2/24, of 22 March 2024, the Angolan Central Bank (BNA) adopted the regulations for implementation of Law 5/20, of 27 January 2020, on the Prevention and Combating of Money Laundering, Terrorist Financing and Proliferation of Weapons of Mass Destruction app..
On December 27, 2023, Law No. 12/23 of December 27, was published in the Official Gazette. The law approves the New General Labor Law, which revokes the Law No. 7/15 of June 15th, as well as Rectification No. 15/15 of October 2nd, and all separate legislation that contrad..
By way of Order 1/24, of 21 February 2024, the Angolan Central Bank (BNA) has issued guidelines for the “Recovery Plans” to be submitted by financial institutions (banks) under the Financial Institutions Law. This article gives an outline of the Order.
Law 8/20, of 16 April 2020, – the “Environmental Protected Areas Regulations” – created a National Network of Protected Areas (Rede de Áreas de Conservação Ambiental). The Regulations of Law 8/20 have now been enacted by way of Presidential Decree 50/24, of 2 February 202..
On December 27, Law no. 12/23 was published in the Official Gazette, approving the new General Labour Law (Lei Geral do Trabalho – new LGT), which comes into force within 90 days of its publication.
Presidential Decree 213/23, of 30 October 2023, enacted a new “Legal Regime to Incentivize Domestic Production”. Highlights of the new regime: